The laminating adhesives market size is projected to grow from USD 2.5 billion in 2018 to USD 3.4 billion by 2023, at a CAGR of 6.9%.

The market is expected to witness growth owing to the increasing demand for laminating adhesives from various industries such as packaging, industrial, and automotive & transportation.

The increasing urban population is a major factor for the rising demand for products such as medicines, beverages, FMCGs, and other consumer durables.

However, stringent government regulations in the chemical industry are expected to hamper the growth of the market. Volatility in raw material prices might adversely affect the overall production cost of laminating adhesives.